The underlying title holder of shares is deemed, vis-à-vis the usufructuary, to having failed to exercise the pre-emptive subscription right for the new shares issued by the company where he neither subscribed for new shares nor sold the rights of subscription at least eight (8) days prior to the expiration of the subscription deadline granted to shareholders.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 155
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 584 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014